SHAREHOLDER ALERT: Law Office of Brodsky & Smith, LLC Announces Investigation of Verenium Corporation
September 23 2013 - 6:00PM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
Verenium Corporation (âVereniumâ or the âCompanyâ) (Nasdaq:
VRNM) relating to the proposed acquisition by BASF Corporation.
Click here to learn more about the investigation
http://brodsky-smith.com/644-vrnm-verenium-corporation.html, or
call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Verenium shareholders will
receive only $4.00 per share for each share of Verenium stock they
own. The investigation concerns possible breaches of fiduciary duty
and other violations of state law by the Board of Directors of
Verenium for not acting in the Companyâs shareholders' best
interests in connection with the sale process. The transaction may
undervalue the Company as Verenium stock traded at $5.14 per share
on April 11, 2012 and $4.40 per share on July 31, 2012. In
addition, Verenium has a large and diverse enzyme library which may
be used to produce and enhance products such as animal feeds and
detergents.
If you own shares of Verenium common stock and wish to discuss
the legal ramifications of the proposed transaction, or have any
questions, you may e-mail or call the law office of Brodsky &
Smith, LLC who will, without obligation or cost to you, attempt to
answer your questions. You may contact Jason L. Brodsky, Esquire or
Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza,
Suite 602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, by visiting
http://brodsky-smith.com/644-vrnm-verenium-corporation.html, or
calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive
expertise representing shareholders throughout the nation in
securities and case action lawsuits. The attorneys at Brodsky &
Smith have been appointed by numerous courts throughout the country
to serve as lead counsel in class actions and successfully
recovered millions of dollars for our clients and shareholders.
Attorney advertising. Prior results do not guarantee a similar
outcome.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90investorrelations@brodsky-smith.comhttp://brodsky-smith.com/644-vrnm-verenium-corporation.html
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